EUR / USD rose on Friday after the employment report in the US have revealed poor results.
Breaking above the 1.0950 resistance line.
Our short-term momentum signals support the notion that the next wave is likely to be downward.
The RSI met with resistance in your line of 70, while the MACD seems to have gone up and is turning down.
The EUR / USD is showing minimum and maximum lower, below both moving averages 50 and 200 days.
[QUOTE=“bewayopa;693447”]EUR / USD rose on Friday after the employment report in the US have revealed poor results. Breaking above the 1.0950 resistance line. Our short-term momentum signals support the notion that the next wave is likely to be downward. The RSI met with resistance in your line of 70, while the MACD seems to have gone up and is turning down. The EUR / USD is showing minimum and maximum lower, below both moving averages 50 and 200 days. https://bewayopa.wordpress.com/[/QUOTE]
Great info! Was waiting for bearish, thanks
the EUR is still struggling to break the psychological resistance 1.1000.
The EUR/USD keeps testing the resistance at 1.1030 and keeps failing to break above it. I, personally, do think it will break above it and then it will continue climbing at least until it reaches 1.1200.
Well, the 1.1050/60 level is proving to be quite a tough resistance level for Euro bullish trend so far.
Bingo! It’s going down!
[QUOTE=“Ying17;693479”]Bingo! It’s going down![/QUOTE]
Confirmed EMA 10 is above than EMA 5 and and RSI 10 had crossed to 50 from above this might lead to 50 to 100 pips, we might consider a stop loss of 100 pips for just an advise
[QUOTE=“Ying17;693482”] Confirmed EMA 10 is above than EMA 5 and and RSI 10 had crossed to 50 from above this might lead to 50 to 100 pips, we might consider a stop loss of 100 pips for just an advise[/QUOTE]
We did shopping today with the bear 
EURUSD initially rose but found enough resistance at the 50-day moving average to turn around and close near the low of the day. The pair is being squeezed between the 10-day and the 50-day moving averages and on a break of either moving averages we may expect a sharp move in the direction of the break.
The NFP data were quite disappointing which led to a sell-off of the USD Index.
The area of 1.1050 generates a large sales barrier.
With a fourth ring to be done in this area, today we saw the EUR / USD falling almost 200 pips up to 1.0830, area where an upward support.
This supporting generates a triangle consolidation in the currency pair, whereby the breaking of this low level would result in a very substantial reduction, probably related to the new minimum.
It looks like EUR/USD failed to break above 1.1030 - 1.1040 and started descending again. I think it will likely reach target 1.0770, where there is a pretty strong support. That said, tomorrow U.S. Fed will release minutes from March 17-18 FOMC meeting, so we can expect quite a bit of volatility.
we are in the same range between 1.100- 1.0820 since 22nd of March price tried to break the support and resistance more than one time with no success. I hope Tomorrow’s FOMC minute will push the price out of the tight range.
I’m expecting it to break 1.0800 in the next few hours, next support level 1.0730.
If it breaks thru that as well then you’d better be short
The EUR/USD slided down from 1.0935 to 1.0807 and still above this level at the moment. so when we can see serious movement?
We have FOMC minutes today, that probably would further the decline.
Despite improving numbers from the Markit Service PMI, Eur/Usd has fallen more than 200 pips yesterday. But 1.0800 level still holds, let’s what FOMC would bring us today.
EURUSD fell on yesterday session on above average volume and closed near the low of the day. The pair in the short-term is still respecting the upward trend line and making higher lows.
All eyes turned to the FOMC minutes later today and one of two things can happen, a Hawkish comment setting the date for interest rate hike and pushing the EURUSD to year lows or a Dovish approach that may pull the pair to the 1.1034 resistance zone.
Well, it hit 1.0800 then bounced up, currently at 1.0866. All eyes on the FOMC minutes before we get any serious movement one way or the other
EUR / USD is moving slightly upwards during the European morning. This was mainly due to the fall in the dollar, not the strength of the EUR.
The unexpected drop in factory orders in Germany and the disappointing retail sales in the Euro zone, both for February may be the main weakness of reasons for the EUR against their peers than the dollar.
Looks like a lot of positions being closed ahead of the fed.